Russia, Russia, Russia!
The USDA released a memo about Thanksgiving staples costing more than they did last year.
Our dinners will cost 20% more this year.
The memo mentioned the avian flu. Leslie wrote a few times about the avian flu affecting birds in America, affecting the price of turkeys.
There’s also the drought across America.
But the USDA had to slip in Russia and Putin because Russia, Russia, Russia! Anything negative is connected to Russia.
The memo does not contain anything about inflation, out-of-control government spending, and the Treasury printing money nonstop.
Oh, wait! I found inflation…caused by “Putin’s war in Ukraine.”
Below are the average retail cost of Thanksgiving staples, based on AMS Market News Retail Reports (JPG, 187 KB) for the week ending on November 11:Fresh Turkey Hen (12 lbs.) – $1.56 per poundSweet Potatoes – $0.86 per poundRusset Potatoes – $0.98 per poundCranberries – $2.24 per 12 oz. bagGreen beans – $1.67 per poundMilk (1 gallon) – $3.73 per gallon*Overall, this represents a 1% increase over the last year for these selected items combined.Frozen Turkey Hen (12 lbs.) – $0.97 per poundSweet Potatoes –$0.86 per poundRusset Potatoes – $0.98 per poundCranberries – $2.24 per 12 oz. bagGreen beans – $1.67 per poundMilk (1 gallon) – $3.73 per gallon*Overall, this represents a 6% increase over last year for these selected items combined.
The Biden administration’s own data, however, shows that inflation began ratcheting up almost immediately after Biden took office in February 2021.Just before Russia invaded Ukraine in late February 2022, the Biden administration reported that consumer prices were up 7.5% in the year ending in January 2022, according to the Bureau of Labor Statistics. Inflation would rise as high as 9.1% in the year ending June 2022, but sharp increases were seen well before Russia invaded Ukraine.Ukraine is a major grain exporter, and Russia’s effort to block those exports has led to price spikes. But again, feed grain prices were rising along with the prices of many other commodities before Russia’s invasion.
How about we look at the percentages? It doesn’t seem too bad when you put in the dollar amount.
The turkey is 21% more than last year.
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